The chief executive officer of rental car company Hertz Global Holdings Inc. is resigning after a bet on electric vehicles crumbled.
The announcement came Friday after Stephen Scherr ran the company for over two years, according to Fortune magazine.
9 replies (most recent on top)
True
Tesla is going to crumble.
I can't wait to see the fit that Elon throws when the government stops giving him handouts.
Hertz got the same bad advice from Boston Consulting Group; just like our boy who lost $5 billion last year Marin Gjaja.
Poor hertz got brainwashed by these auto executives and paid the price.
Wait until the US funding stops supporting the EV corruption.....
End of 2024 .
Farley should be in New Jersey pumping gas for $10/hour.
bring back hinrichs
Lol
Why will he leave the easy money!
He's never going to leave on his own, especially getting over $20,000,000 a year?
I think our own Mark Fields was acting CEO of Hertz when the Tesla purchases were made. Make some cash, get out before it all collapses.
This poor guy just got stuck with it.
https://www.morningbrew.com/daily/stories/2021/10/28/hertz-boss-mark-fields-hertz-boss-mark-fields-explains-why-he-went-with-tesla-for-big-ev-purchase